POWERED BY MOMENTUM MEDIA
Hanson moves to amend super bill
The Government has voted against the progression of legislation to allow time for amendments by One Nation’s Pauline Hanson.
Hanson submitted amendments last night to the Treasury Laws Amendment (More Flexible Superannuation) Bill which would have seen higher concessional contributions for high income earners aged 67 and above.
She also requested an amendment that those who withdrew $20,000 through the early access to super measures last year were able to put that money back in to their super.
This morning, she was not in the Senate chamber in time to move these amendments so the Government voted against progressing the legislation to allow time for her to arrive.
The move was described as “embarrassing abuse of power” by Senator Jenny McAllister.
“Hanson has been shamed into running down into the Chamber to fiddle this amendment for her own personal gain”, said Senator Murray Watt.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Recommended for you
Governor Bullock took a more hawkish stance on Tuesday, raising concerns over Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
